Net Earnings per Common Unit

6 Months Ended

Jun. 30, 2016

Earnings Per Unit [Abstract]

Net Earnings per Common Unit

Net Earnings per Common Unit

Net earnings per common unit are based on the weighted-average number of common units outstanding during the period. The following table provides a calculation for net earnings per common unit for the three and six months ended June 30, 2016 and 2015:

	Three months ended   June 30,				Six months ended   June 30,
	2016		2015		2016		2015
	(in millions, except per unit amounts)
Basic earnings per Common Unit:
Net earnings	$	98.7	$	99.3	$	136.4	$	158.3
Less: Net earnings allocable to General Partner	38.1		37.1		48.7		58.0
Less: Net earnings allocable to Class B Common Units	0.9		0.9		1.3		1.5
Net earnings allocable to Common Units	$	59.7	$	61.3	$	86.4	$	98.8
Weighted-average Common Units outstanding	18.5		18.5		18.5		18.5
Net earnings per Common Unit	$	3.22	$	3.31	$	4.66	$	5.34

There were no dilutive TNCLP units outstanding for the three and six months ended June 30, 2016 and 2015.